Helix Energy Solutions Group, Inc., an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities. It engages in the installation of flowlines, control umbilicals, and manifold assemblies and risers; trenching and burial of pipelines; installation and tie-in of riser and manifold assembly; commissioning, testing, and inspection activities; and provision of cable and umbilical lay, and connection services. The company also provides well intervention, intervention engineering, and production enhancement services; inspection, repair, and maintenance of production structures, trees, jumpers, risers, pipelines, and subsea equipment; and related support services. In addition, it offers reclamation and remediation services; well plug and abandonment services; pipeline abandonment services; and site inspections. Additionally, the company offers oil and natural gas processing facilities and services; and fast response system, as well as site clearance and subsea support services. It serves independent oil and gas producers and suppliers, pipeline transmission companies, renewable energy companies, and offshore engineering and construction firms. The company was formerly known as Cal Dive International, Inc. and changed its name to Helix Energy Solutions Group, Inc. in March 2006. Helix Energy Solutions Group, Inc. was incorporated in 1979 and is headquartered in Houston, Texas.
Analyst Ratings Changes
A number of research analysts have commented on the stock. StockNews.com lowered shares of Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a report on Thursday, August 11th. Capital One Financial increased their target price on Helix Energy Solutions Group to $6.00 and gave the stock an "outperform" rating in a report on Wednesday, July 27th. Cowen boosted their price target on Helix Energy Solutions Group from $6.50 to $7.50 and gave the company an "outperform" rating in a report on Wednesday, July 27th. Cowen raised their price target on shares of Helix Energy Solutions Group from $6.50 to $7.50 in a research report on Wednesday, July 27th. Finally, Evercore ISI raised shares of Helix Energy Solutions Group from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $6.00 to $8.00 in a research note on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $7.25.
Helix Energy Solutions Group Trading Down 1.9 %
Helix Energy Solutions Group stock traded down $0.08 during trading hours on Friday, hitting $4.10. The stock had a trading volume of 918,359 shares, compared to its average volume of 1,998,139. The company has a 50-day moving average of $3.42 and a two-hundred day moving average of $4.11. Helix Energy Solutions Group has a fifty-two week low of $2.47 and a fifty-two week high of $5.78. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.17.
Helix Energy Solutions Group (NYSE:HLX - Get Rating) last announced its earnings results on Monday, July 25th. The oil and gas company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.02. Helix Energy Solutions Group had a negative return on equity of 7.24% and a negative net margin of 17.62%. During the same quarter in the previous year, the firm earned ($0.09) EPS. Research analysts predict that Helix Energy Solutions Group will post -0.5 earnings per share for the current fiscal year.